The Eighth Judicial District Court of Nevada has ordered Prime Trust into temporary receivership, pending a hearing for an order to show cause scheduled for August 22, 2023.

Additionally, pending a permanent order of the court, John Guedry (formerly an executive at the Bank of Nevada and other financial institutions) has been appointed as the receiver of Prime Trust. The court-appointed receiver will take over the day-to-day operations of Prime Trust and thoroughly examine all its finances to determine the best option to protect Prime Trust’s clients.

We will also begin engaging with the receiver and Nevada legal counsel to determine the next steps for our customers. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at support@stably.io. We are here to assist you and provide any clarification you may require.

More information here: https://fid.nv.gov/uploadedFiles/